ANNOUNCEMENT 26 Sep 2013In September 2013, the government of Republic of Korea announced a change in import duties.
NUMBER OF INTERVENTIONS
"2013 Tax Revision Bill Finalized" http://english.mosf.go.kr/
On 26 September 2013 the Tax Revision Bill was finalised. In addition to a number of domestic tax measures this bill included a proposal to reduce temporarily by 50% customs duties on imported machines used for factory automation. Previously the reduction in duties was set at 30%. The measure is to expire on 31 March 2014.